Sia-Tancaktiong's DoubleDragon launches P10-B retail bond sale with top credit rating

DoubleDragon Corp., led by tycoons Edgar "Injap" Sia II and Tony Tan Caktiong, has secured approval for its P10- billion, 7-year peso retail bond offering, receiving a PRS Aaa rating from PhilRatings, the highest credit grade.

The bonds, offering a 7.77 percent coupon rate, will be available for sale from Feb. 3-14, 2025, with a PDEx listing on Feb. 21. 

This is DoubleDragon’s only retail bond issuance for 2025, marking the second tranche of its SEC-approved shelf registration program. 

The final third tranche is set for 2026, completing the bond program. 

Landbank of the Philippines, RCBC Capital, and Unicapital serve as joint issue managers and lead underwriters.  

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